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Author Topic: Bitcoin is the world’s 6th largest currency  (Read 5505 times)
Yarsk
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June 09, 2018, 10:33:01 PM
 #421

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?

This is a great step I never know bitcoin have reached this night and despite the media propaganda against bitcoin it still made it to be the world 6th currency and I believe the figure is still gaining to reduce as time goes on.
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harunhabib
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June 09, 2018, 10:34:59 PM
 #422

This knowledge is kind of stunning and a decent signal for the crypto community. Though still terribly so much compared to the rotation of the USD currency, crypto proves that he has smart prospects within the future. The info proves that bitcoin is parallel to the currency in hand by developed countries, yet as so much on top of developing countries.
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June 09, 2018, 10:51:11 PM
 #423

It can be clearly seen from the figure that BTC is far from the renminbi, the euro and the US dollar.
Many Bitcoins have not been mined, and many countries have not yet accepted BTC!
When BTC becomes the value-notarization system of all mankind, it is when BTC becomes the largest currency!
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June 09, 2018, 11:09:48 PM
 #424

This exciting news, as well as the sad news. I am very excited about this news because I hope bitcoin will get its legitimate right, while the decision of most governments, has said otherwise they are more inclined to resist bitcoin.

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June 10, 2018, 11:28:13 AM
 #425

Bitcoin is growing day by day and there is no any doubt in blockchain technology and the progress of Bitcoin, Bitcoin is buying at large level and maximum peoples are interested in blockchain and future profits in bitcoin also that’s why bitcoin demand is increasing in worldwide,
Coinfan
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June 10, 2018, 11:47:30 AM
Merited by odolvlobo (1)
 #426

The current value of circulation of the USD actually is already 1.63 trillion. The figure posted is from 2016.
https://www.federalreserve.gov/faqs/currency_12773.htm

Moreover, this value doesn't take in account the banking multiplier and all the USDs they created based on the fractional-reserve system.

SCAM ALERT: All order books of The Rock Trading Exchange (www.therocktrading.com) are created by their bot and they use them to scam customers. They are also trying to steal 35519 euros. Read an updated summary on the OP
https://bitcointalk.org/index.php?topic=4975753.0
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June 10, 2018, 05:30:32 PM
 #427

The current and the incoming price of bitcoin that will increase further after the rise of the bull market can make it in world' 6th, there is a great possibility for bitcoin improve it's currency ranking worldwide from the 6th place up to the top 3 currencies in the world. I think that someday, once bitcoin is already accepted worldwide then an increase number of people will be added and contribute to the rise of price value of bitcoin.
BitGunner
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June 10, 2018, 05:49:05 PM
 #428

In recent years, more and more countries are questioning the regulation of digital currencies. At the same time, the authorities of some countries interpret the crypto currency as an asset, others as a means of payment, others as a commodity, and the fourth ones do prohibit the circulation of digital currencies.
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June 10, 2018, 06:27:06 PM
 #429

Yes bitcoin has very large financial investments and, accordingly, the cost relative to the dollar. Bitcoin occupies the bulk of the capitalization of the wholesale and foreign exchange market and is certainly the leader.
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June 10, 2018, 06:57:51 PM
 #430

Yes indeed.. Bitcoin is growing amazingly fast actually, i mean even 3 yaers ago it wasn't that popular as today. I think if the governments won't sabotage bitcoin development, btc will slowly rise in ratings of worlds largest currency. But so far we know our governments, i think they won't let bitcoin do that at least in the near future.
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June 10, 2018, 07:31:37 PM
 #431

Yes now bitcoin is the 6th largest currency in the whole world. Bitcoin popularity also very good like other currency. It is true that bitcoin price is now low then other 5 largest currency but i think as soon as bitcoin will be the number 1 currency in the whole world. Every currency have bad and good time. Bitcoin price now low but it is grow its price more then any other currency for sure in the recent years..... Smiley
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June 10, 2018, 07:40:03 PM
 #432

This information has pleasantly surprised me. It seems that he has very little left to become the currency number 1
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June 10, 2018, 07:44:25 PM
 #433

This fact has surprised me too, I knew it was bigger, than some national FIAT currency, but did not think, the 6th already. Hope to see Bitcoin overtake USD as well, in the next couple of years.

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June 10, 2018, 09:26:20 PM
 #434

This fact has surprised me too, I knew it was bigger, than some national FIAT currency, but did not think, the 6th already. Hope to see Bitcoin overtake USD as well, in the next couple of years.
I personally do not think that there is any relation of fiat with crytpo currency. To me i think that we can only compare bitcoin to crypto currencies, and still in crypto world bitcoin is in number one and will remain as number one for a long long time. because still investors are interested in bitcoin and still they want to continue investing money in bitcoin.

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nieninja53
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June 10, 2018, 11:07:10 PM
 #435


When you are talking about online payment processors than you can observe one thing that the previous payment processors are like payza and some other are gone to scam but by understanding this thing you have a good point in bitcoin that is decentralized currency and no one can scam on it,

erundook
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June 12, 2018, 09:53:07 AM
 #436

for every year it become stronger and stronger, get up to the first place bitcoin need near ten years, i think, real point of view


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orarider
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June 12, 2018, 10:25:19 AM
 #437

Bitcoin is now circulating as the sixth-largest currency in the world, after five superpowers and ranking higher than the Pound, the Rupees, and Won. This figure is based on the value of Bitcoin at $ 10,765 each, which means the total value of all Bitcoins in circulation is $ 180 billion. Despite the significant amount, if Bitcoin raises to $ 15,000, it will surpass the next highest circulation currency, Rupee. The other four currencies that exceed Bitcoin are Yen, Yuan, Euro and Dollar, all of which are significantly larger in circulation.
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June 12, 2018, 10:43:55 AM
 #438

BTC is not yet considered a currency. Still in a form of a salable asset.
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June 12, 2018, 10:48:28 AM
 #439

this is very good news. first
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June 12, 2018, 10:54:20 AM
 #440

It's hard to sayyy
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